In yesterday’s Wall Street session, JinkoSolar Holding Co. Ltd. (NYSE:JKS) shares traded at $38.52, down -6.16% from the previous session.
As of this writing, 7 analysts cover JinkoSolar Holding Co. Ltd. (NYSE:JKS). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $566.60 and a low of $138.56, we find $433.01. Given the previous closing price of $41.05, this indicates a potential upside of 954.84 percent. JKS stock price is now -10.72% away from the 50-day moving average and -19.53% away from the 200-day moving average. The market capitalization of the company currently stands at $1.90B.
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There are 1 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $389.22 as their price target over the next twelve months.
With the price target enhanced from $50 to $70, ROTH Capital Upgraded its rating from Neutral to Buy for JinkoSolar Holding Co. Ltd. (NYSE: JKS).
A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JKS stock. A new stake in JinkoSolar Holding Co. Ltd. shares was purchased by SNOW LAKE MANAGEMENT LP during the first quarter worth $30,816,000. CAUSEWAY CAPITAL MANAGEMENT LLC invested $8,609,000 in shares of JKS during the first quarter. In the first quarter, LOMBARD ODIER ASSET MANAGEMENT (USA) CORP acquired a new stake in JinkoSolar Holding Co. Ltd. valued at approximately $2,889,000. PRELUDE CAPITAL MANAGEMENT, LLC acquired a new stake in JKS for approximately $2,195,000. MIRABELLA FINANCIAL SERVICES LLP purchased a new stake in JKS valued at around $1,659,000 in the second quarter.
Wednesday morning saw JinkoSolar Holding Co. Ltd. (NYSE: JKS) opened at $40.00. During the past 12 months, JinkoSolar Holding Co. Ltd. has had a low of $38.43 and a high of $69.14. As of last week, the company has a debt-to-equity ratio of 2.77, a current ratio of 1.10, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $7.66B, which is based on a 11.03 price-to-earnings ratio, a 0.30 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for JKS is $43.04 and a two-hundred day moving average price translates $47.83 for the stock.
According to the Solar Company, earnings per share came in at $2.31, beating analysts’ expectations of $0.44 by 1.87. This compares to $0.34 EPS in the same period last year. The company reported revenue of $3.4 billion for the quarter, compared to $2.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.85 percent. For the current quarter, analysts expect JKS to generate $3.99B in revenue.
